When my youngest went to school, I changed my license status to Active, and have learned and enjoyed helping people buy/sell/invest for around 7 years now.Everyone's journey is different....you might one day no longer be a firefighter...you might move to another state....you might want to buy a house one day and having a real estate license could save you some money. 

I have year of 7 years of experience with drywall, and paint work so that helped me out a ton.

Otherwise, it’s treated as a partnership requiring Form 1065.Get an EIN (Employer Identification Number) from the IRS (free) for tax and banking purposes.Separate personal and business finances by opening an LLC bank account and keeping rental income/expenses distinct.Consider an operating agreement, even if not required by state law, to define ownership and responsibilities.Liability protection: An LLC helps shield personal assets, but you may still need landlord insurance and an umbrella policy to cover lawsuits and unexpected claims.Tax strategy: Rental income typically passes through to your personal return (Schedule E).

I'd be happy to connect and see if there's any way I can help!

Hope this helps and best of luck! 

He has an established model that she can show you to help streamline your operation and maybe expand.

Thanks in advance for your help!

Hope that helps- stop worrying about if you are wrong or right- it's a matter of whether there is opportunity or not. 

We can often do 85% of purchase price up to 80% ltv on a portfolio if it helps. 

Partners can help but often have different needs/motivations than you.